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EUR/USD daily chart There was a bit of a question mark even with the break of the December low of 1.0723 yesterday. Price action still traded more sideways around 1.0700-20 mostly but are we finally seeing a crack to the downside? The pair is down just slightly to fresh lows of 1.0695 as European traders
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Dollar maintains its position as the week’s top performer so far, following notable upside breakouts, while Asian markets remain relatively quiet. Without major economic releases from US today, the greenback could have a breather first. However, attention is set to return later in the week with the release of retail sales and the University of
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Pro-EU demonstrators protest outside Parliament against Brexit on the fourth anniversary of Britain’s official departure from the European Union in London, United Kingdom on January 31, 2024. Future Publishing | Getty Images LONDON — Post-Brexit Britain has “significantly underperformed” other advanced economies since the 2016 EU referendum, according to new analysis from Goldman Sachs, which
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Share: As US inflation continued to run hot in January, investors now started to price in a probable interest rate cut by the Federal Reserve in June, while the Greenback navigates yearly highs and US yields trade in multi-week tops across the curve. Here is what you need to know on Wednesday, February 14: The
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Vienna, Feb 13, 2024 -The OPEC oil cartel said Tuesday it expects robust economic activity in China and air travel to drive strong global demand growth for oil this year. Its outlook contrasts that of the International Energy Agency (IEA), which advises oil-consuming nations, which last month predicted that oil demand growth would halve on
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Share: EUR/USD was rejected around 1.0800 on Monday. Economists at ING analyze the pair’s outlook. Growth outlook not that relevant for the ECB We like the chances of a moderate uptick in the pair this week.  One risk to this view is the ZEW survey published in Germany today. Consensus is aligned for a modest
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